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Price action at the core = family members' discussion project

  • #861
  • Jan 24, 2021 4:52am Jan 24, 2021 4:52am
Quoting bilal1947
{quote} Half information is always dangerous, and it defeats the purpose of the thread.
What I am seeing is clues are shared and it is up to the individual to go and do more research in order to get to the understanding of the message (no spoon feeding). I personally think it is a good way of learning - by getting your hands dirty.
  • #862
  • Jan 24, 2021 4:54am Jan 24, 2021 4:54am
Quoting Pumi
{quote} What I am seeing is clues are shared and it is up to the individual to go and do more research in order to get to the understanding of the message (no spoon feeding). I personally think it is a good way of learning - by getting your hands dirty.
you are confirming too by using the word clues, its like we are in puzzle but in threads this shouldn't be the case, anyhow it doesn't really matter now we will all grow for sure.
"Exchange of hands"
  • #863
  • Jan 24, 2021 4:54am Jan 24, 2021 4:54am
Quoting BWilliam
{quote} Trading requires thorough preparatory work. Trader has to analyse market in the context of the big picture. And constantly updated to latest intraday info that paints our charts as it reveals it's target intention. {image} {image} {image}
Hi BWilliam

Nice charts and trade setup - but I have a problem.

"Trading requires thorough preparatory work"

No it doesn't, trading is simple because expansion is just a reflected on increasing volume that destroys one side of the order book. We only need a naked chart, a good source of volume and a low IQ to understand what is going on (we don't need to be smart).
I mean who the hell cares what the H1 / Day chart is doing before - we only need to wait till the order book hits a major inbalance - then trade.

I sit all day on M1 studying volume without ever finding out if the day is bearish or bullish, when market structure is indicating a reversal is due.
Its bloody basic, stop planning and just trade after high volume event occurs.

That spike on Gold was your day low, the volume out of Gold Futures was 20 times larger than the average M1 candle.
All exchanges are connected - when one moves, they all move together.
My planning is just waiting for the next M1 candle - and waiting till price expands to the edge of thin liquidity outside its allowed price channel.
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Trading thin liquidity at the boundary of the charts
  • #864
  • Jan 24, 2021 4:56am Jan 24, 2021 4:56am
Since my last post, I see a lot of intellectualizing and recycling of "status quo" ideas and thinking.

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In line with being persistent and consistent, I'd like to share a couple of visuals that I find useful to indicate time over price and price over time.

As time decays or 'runs down on the clock', in certain context of viewing this, probabilities goes up.


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Think of Home or Away wins as Rally up or Sell off. And Draw as continue to go sideways. Probability once Time has elapsed and been spent.


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Supply Function and Trading Probability. Firstly, FORGET about Supply and Demand, Support and Resistance and all the other anecdotal abstract ideas here. THIS pic CAN give you the trader, great insight into ......

- Buyer enters the market
- Buyer cashes out either at a predetermined automatic TP target or manually closes the order while in profit
- Buyer gets stopped out at a predetermined price
- Buyer manually closes out the order at a loss
- Buyer is margin stopped. This is where the floating temporary loss currently in play due to their order in the market, exceeds the account's manageable limits - can be determined by the trader but more than likely preset by the broker.

- Seller enters the market
- Seller cashes out either at a predetermined automatic TP target or manually closes the order while in profit
- Seller gets stopped out at a predetermined price
- Seller manually closes out the order at a loss
- Seller is margin stopped. This is where the floating temporary loss currently in play due to their order in the market, exceeds the account's manageable limits - can be determined by the trader but more than likely preset by the broker.

With this predeterministic information, if you're being objective then it will become more clear of the why when where how who.


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The above information is pasted here so all of you can once again, get your thinking and attitudes back on track.

Intellectualizing means you are looking for "answers" instead of understanding that leads to a better concept building process in your mind. It also means you try to "explain away" what you don't yet understand or think/feel/believe is necessary.

So many people have missed the point of it all.

Concept building means the abstract, the metaphor, the inconclusive that is yet to be understood. If you're looking for cheap fast answers you will not learn and you definitely will not achieve your goals related to trading.

Take a look at your thinking, NOW. Please understand something - you already know and understand so much. But if everything you know always lives in an intellectual state, you cannot learn. You must practice your concept building ability or you will continue to struggle.

Peter
Real Trading is not gambling.
  • #865
  • Jan 24, 2021 5:02am Jan 24, 2021 5:02am
IGNORE WHERE I FOUND THOSE PICTURES.

That is unimportant and a terrible distraction. It's clear that people lack concept building skills as the thread went off into a tail spin about stuff that is "common place". Is that what you want to be ..... common place traders?

Please trust me when I say that all the necessary information to learn and understand these things is ever-present for you.

Peter
Real Trading is not gambling.
  • #866
  • Jan 24, 2021 5:12am Jan 24, 2021 5:12am
[quote=RickM;13374173]{quote} Hi BWilliam Nice charts and trade setup - but I have a problem. "Trading requires thorough preparatory work" No it doesn't, trading is simple because expansion is just a reflected on increasing volume that destroys one side of the order book. We only need a naked chart, a good source of volume and a low IQ to understand what is going on (we don't need to be smart).

To understand what RickM is saying it might help to watch a video course like "MarketDelta - Footprint Deep Dive". Watch the price action; imbalance and unfilled orders and the rotation ("waves").
  • #867
  • Jan 24, 2021 5:22am Jan 24, 2021 5:22am
A Concept Building exercise ......


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There are NO shortcuts to legitimate learning when it comes to trading.

So stop making excuses and go review your goals and stick to your plan.

Grow up and mature and move on from instant gratification and seek ONLY delayed gratification in your trading.

Work on having more self control and patience. The markets will still be there tomorrow. And if they're not then you move on.

Since my last post yesterday, people simply went back into their comfort zones to what's "familiar" and comfortable. You cannot learn while doing that.

Peter
Real Trading is not gambling.
  • #868
  • Jan 24, 2021 5:23am Jan 24, 2021 5:23am
Quoting asset21
I have in fact just paid someone with a supposedly proven track record to show me a way in which you can trade, which is unlike anything I will find in books or on FF, so I await with bated breath!
That's great. I just hope this 'someone' isnt one of the posters in this thread. Good luck!
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #869
  • Jan 24, 2021 5:26am Jan 24, 2021 5:26am
Quoting PeterCaleb
A Concept Building exercise ...... {image}{image}{image}{image}{image}{image}{image}{image} There are NO shortcuts to legitimate learning when it comes to trading. So stop making excuses and go review your goals and stick to your plan. Grow up and mature and move on from instant gratification and seek ONLY delayed gratification in your trading. Work on having more self control and patience. The markets will still be there tomorrow. And if they're not then you move on. Since my last post yesterday, people simply went back into their comfort zones...
from which/whose course is this index attached i wanna go through the course too.
"Exchange of hands"
  • #870
  • Jan 24, 2021 5:29am Jan 24, 2021 5:29am
Quoting bfx17
{quote} That's great. I just hope this 'someone' isnt one of the posters in this thread. Good luck!
That's funny bfx17.

All the best asset21!
  • #871
  • Jan 24, 2021 5:32am Jan 24, 2021 5:32am
Quoting RickM
Hi BWilliam Nice charts and trade setup - but I have a problem. "Trading requires thorough preparatory work" No it doesn't, trading is simple because expansion is just a reflected on increasing volume that destroys one side of the order book. We only need a naked chart, a good source of volume and a low IQ to understand what is going on (we don't need to be smart). I mean who the hell cares what the H1 / Day chart is doing before - we only need to wait till the order book hits a major inbalance - then trade. I sit all day on M1 studying...
Hi RickM, I was explaining market structure using fibs and rectangles.

I don't want to venture into proprietary volume tools.
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Know what you trade
  • #872
  • Jan 24, 2021 5:34am Jan 24, 2021 5:34am
Quoting bilal1947
{quote} from which/whose course is this index attached i wanna go through the course too.
Here you go - 10 WAYS FOR TRADERS TO TAKE PROFIT
  • #873
  • Jan 24, 2021 5:36am Jan 24, 2021 5:36am
Quoting BWilliam
{quote} Hi RickM, I was explaining market structure using fibs and rectangles. I don't want to venture into proprietary volume tools. {image}
Hi Again Bill

is the volume lagging too and order block method above that?
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"Exchange of hands"
  • #874
  • Jan 24, 2021 5:42am Jan 24, 2021 5:42am
Quoting bilal1947
{quote} Hi Again Bill is the volume lagging too and order block method above that? {image}
I would rather say read from the histogram itself without the indicators (MAs) that are attached to it.
  • #875
  • Jan 24, 2021 5:50am Jan 24, 2021 5:50am
Quoting Pumi
{quote} I would rather say read from the histogram itself without the indicators (MAs) that are attached to it.
didnt notice MAs at all, now only i saw them but my question is still valid and wait for BWilliam.
"Exchange of hands"
  • #876
  • Jan 24, 2021 6:00am Jan 24, 2021 6:00am
Quoting bilal1947
{quote} didnt notice MAs at all, now only i saw them but my question is still valid and wait for BWilliam.
I understand. I would be concerned more about the ticks (volume). Open two different brokers' charts and compare their tick volume. You might notice that the total numbers for each period are different though the shape and look of the histogram might look more similar in terms of ratios.
  • #877
  • Jan 24, 2021 6:06am Jan 24, 2021 6:06am
Quoting RickM
{quote} Hi BWilliam Nice charts and trade setup - but I have a problem. "Trading requires thorough preparatory work" No it doesn't, trading is simple because expansion is just a reflected on increasing volume that destroys one side of the order book. We only need a naked chart, a good source of volume and a low IQ to understand what is going on (we don't need to be smart). I mean who the hell cares what the H1 / Day chart is doing before - we only need to wait till the order book hits a major inbalance - then trade. I sit all day on M1 studying...
Hi Rick

few queries for my understanding please
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"Exchange of hands"
  • #878
  • Jan 24, 2021 6:08am Jan 24, 2021 6:08am
Quoting Pumi
{quote} I understand. I would be concerned more about the ticks (volume). Open two different brokers' charts and compare their tick volume. You might notice that the total numbers for each period are different though the shape and look of the histogram might look more similar in terms of ratios.
hmm i am not a pro in volume so i avoid them, but use market structure breaks and retest of order blocks, even it works in M1
"Exchange of hands"
  • #879
  • Jan 24, 2021 6:18am Jan 24, 2021 6:18am
Quoting bilal1947
Hi Again Bill is the volume lagging too and order block method above that? {image}
Normally I wait for the small retrace 5/6 candles later after sellers calm down to make entry. Or if I miss those I enter on that retest on the right, that's my preference.
Know what you trade
  • #880
  • Jan 24, 2021 7:06am Jan 24, 2021 7:06am
Quoting bilal1947
{quote} Hi Rick few queries for my understanding please {image}
Eyes wide open and lot of practice... seriously
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